Empowering Marketplaces with Blockchain Innovation
Enhance market transparency, security, and decentralization with our blockchain platform. Solve authentication challenges, promote fair competition, and incentivize user engagement. Join us in revolutionizing the marketplace experience.
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Presentation Transcript
DIGITAL INDIA ALT HACK (IIT DELHI) IDEA SUBMISSION Team Name: F
Team Composition # Team member College Specialization Role 1 Muskan Kumari Indian institute of technology ,Delhi Mechanical Researcher 2 Ekansh Agarwal Indian institute of technology, Delhi Textile 3 Aniket Chattopadhyay Indian institute of technology, Delhi Computer science
Chosen Track Polkadot hack impulse
Choose a blockchain platform: The first step is to choose a blockchain platform to mint the NFTs. There are a number of different blockchain platforms available, each with its own advantages and disadvantages. Some popular blockchain platforms for NFTs include Ethereum, Solana, and Cardano. Create the NFT: Once you have chosen a blockchain platform, you need to create the NFT. This involves creating a digital asset that represents ownership of the product. The NFT should include information about the product, such as the brand, the product name, and the product serial number. Link the NFT to the product: The next step is to link the NFT to the physical product. This can be done by embedding the NFT's metadata into the product's packaging or by using a NFC tag. Distribute the NFT: Once the NFT is linked to the product, it can be distributed to the customer. This can be done by sending the NFT to the customer's wallet or by printing the NFT's metadata on the product's packaging. Verify the authenticity: The customer can then verify the authenticity of the product by scanning the NFT's metadata or by checking the product's blockchain record. Idea Introduction
Lack of foolproof authentication methods for luxury products, resulting in customer uncertainty regarding product genuineness. Limited tracking systems to trace the origin and journey of branded products, depriving consumers of vital information. Concerns regarding secure storage and responsible management of customer data. Market centralization, particularly with platforms like Amazon, limiting market diversity and competition. Problem statement
Transparency & Security: Our decentralized blockchain ensures secure data storage and enhances transparency, fostering trust in the marketplace for informed decision- making. Community Building: Our platform goes beyond being a marketplace, creating a thriving community by connecting users through Blockchains, facilitating collaboration and shared experiences. Public Inventory & Market Competition: With a public inventory, we promote fair competition among sellers, offering buyers a wide range of choices and driving market growth through seller innovation. Token Incentives: Introducing tokens as incentives, we incentivize buyer engagement, allowing them to earn and redeem tokens, fostering loyalty and active participation in the marketplace ecosystem. Efficient Network: Our para and relay chains network alleviate congestion on the main chain, enhancing network speed and efficiency for a smoother user experience. Why Blockchain
Building a blockchain-based platform that utilizes NFTs to establish authenticity for branded products. Offering customers a reliable and immutable proof of genuineness through the association of physical items with digital NFTs. Ensuring data privacy and protection by leveraging the decentralized nature of blockchain technology, eliminating centralized data collection and manipulation. Creating a seamless and secure shopping experience that prioritizes user control over personal information. Proposed solution
Competitive landscape DIRECT COMPETITORS INDIRECT COMPETITORS Provenance, Aura Blockchain consortium, Arianee Luxury e-commerce platforms like Farfetch and Yoox Net-a-Porter Use of blockchain technology Creation of NFTs Engagement with customers: creating an online inventory where consumers can show their NFTs to their friends to help create social status Competitive strength Technology Regulation Acceptance -------- Competitive weakness
Revenue Model Commission and Incentive based model Marketing Collaborations Personal Styling Services Exclusive Partnerships and Collaborations Introduction of Service and Sales NFTs
Milestones and Timeline Duration Milestones Key Action Points
Milestones Template Team Name Project Title Members 1 2 3
Milestones Template Milestone Start Date End Date Duration Remarks High Level Design (HLD) High-level design (HLD) should explain the architecture that would be used to develop the system. The architecture diagram should provide an overview of the entire system, identifying the main components that would be developed for the product and their interfaces. Low Level Design (LLD) The Low-level Design (LLD) should illustrate the low-level logical design of your system. Frontend: The UI architecture Page flow Frontend Framework (Angular, React, Vue, etc.) CSS Framework (Bootstrap, Foundation, Tailwind, etc.) Backend: Smart Contracts that you are going to develop along with their purpose Every function in the contract and what it does
Milestones Template Milestone Start Date End Date Duration Remarks Development Frontend Development Development of your frontend application Backend Development Development of the smart contracts for your application Testing Frontend UI Testing of the frontend web application Backend Unit testing of the smart contract functionality Deployment Frontend Deployment of the frontend web application on web server Backend Deployment of the smart contracts on the testnets
Milestones Template Milestone Start Date End Date Duration Remarks Integration Testing Testing to ensure that the frontend and the backend work together without issues UAT User Acceptance Testing Final Deployment Deployment of the final application (web server for frontend, and mainnet for the smart contracts
Solution Impact Impact nature Impact description Impact on income Describe the impact on the income of the target segment Impact on living standard Describe the impact on the living standard of the target segment Impact on sustainability Describe the impact on the environment sustainability Any other impact Describe any other impact on the target segment (Other than the above)
Summary Summarize your overall idea wrt feasibility, utility & the complexity
THANK YOU <Email and Contact information of team leader>
